ES inflection point

17 Nis 2020

ES is nicely balanced at an important support/resistance area now. It has tested the zone marked 3 times in the last few weeks, and a break upwards through this area, sets the scene for a nice long on a retest of this zone. I would be expecting action as marked on the chart. This would trap a lot of bearish traders who have been calling this rally a dead cat bounce and that the world will be entering a depression soon and that the market is rigged and the evil Illuminati are controlling the world. I call these people idiots and that's why they are perpetual losers. Always trade against the herd because the herd will be slaughtered.